Many entrepreneurs rely on formal and informal lessons learned from mentors to help them navigate their way to success. What is one thing he learned about management from the best boss he’s ever met? How have those lessons influenced your day-to-day work and leadership style?
These answers are provided by the Young Entrepreneur Council (YEC), an invitation-only organization of the world’s most successful young entrepreneurs. YEC members represent nearly every industry, generate billions of dollars in revenue and create tens of thousands of jobs each year.Click here for details yec.co.
1. Trust and let go
It may seem that doing it alone is more efficient, but it’s actually less efficient in the long run. The added stress from overwork causes others to be late because they are waiting for me to complete something among other tasks. More importantly, the inability of mentees and employees to learn how to complete tasks hinders their growth. Learn to delegate.
2. Really listen to your team
My mentor taught me that effective management is all about listening. It has taught me to listen to the needs of my team and my customers. This has shaped the way I lead in both decision making and problem solving. By actively listening, I was able to create an environment where everyone felt heard and respected while empowering everyone to solve their own problems.
3. To keep moving forward
Even mistakes and failures can drive you forward if you know how to weaponize them to win your next battle. nothing should be wasted. Teach your people the same principles. If you think about it this way, if you make good use of any setbacks, you will definitely accelerate your growth.
4. Give people agency
The best management tip I learned from my mentor is to give people agency. I was given an agency and, no joke, I was able to find my own. Empowering people doesn’t get results, but micromanaging does. More and more people understand the power of letting go of control and trust the people they hire to do a good job. It’s a lesson I learned early on, and one I will forever be grateful for.
5. Respect your employees from the bottom of your heart
Employees are the soul of your business. I’ve learned that genuinely caring for your employees can make a big difference in their happiness and satisfaction at work. You can do this by giving them the occasional bonus vacation when they really need time to spend with their loved ones. can do.
6. To link actions to goals
When it comes to running a business, we often get stuck on the vanity metric. It’s important to understand that our actions should be aligned with our goals. My mentor always taught me to ignore anything that doesn’t move the needle when it comes to achieving the results we want. I made it.
7. Take responsibility for your actions
If you don’t make mistakes and learn from them, you will never grow or be better than you were yesterday. So when you mess up, own it. Reflect on your mistakes and don’t repeat the same mistakes. This philosophy influenced my leadership style and has helped me become who I am today.
8. Be more effective than busy
I learned about time management and learned that being busy and being efficient are not the same thing. Learning to divide your time based on impact and effort, prioritizing and delegating based on high-impact and low-effort tasks will increase your productivity. This also allows us to focus on delivering maximum value to our company and our employees.
9. Invest in your communication skills
If you want to be a strong boss with strong managerial skills, you must invest in your communication skills.As a leader, you must be able to put your thoughts and ideas into words. Only then can employees bring them into shape.
10. To make it happen
My former boss was a force to be reckoned with. She was the embodiment of the success of stiletto heels and flip curls. She believes that there is no challenge that we cannot take on, and she has always encouraged us to push beyond our achievable limits to make it happen. This “make it happen” attitude to work has given us the confidence to push ourselves and strive for excellence in everything we do.
11. Lead by example
My boss taught me to set an example. He was always punctual, responsible, extremely helpful and extremely hard working. He didn’t just ask us to do something. He took the time to explain to us and was always willing to help. I am working with my employees now. This has allowed us to create a positive work culture of mutual trust and respect where no one has to be micromanaged.
12. Make time for self-reflection
My mentor taught me the importance of self-reflection. Time flies so fast that many people don’t stop to analyze their performance, leading to them repeating the same mistakes over and over again. can be improved and what you would like to do in the future. This strategy has made me a strong leader and productive business owner.
13. Manage your schedule
I have many lessons to share, but the most important one is about the importance of time management. In my early days as an entrepreneur, I used to book meetings based on someone else’s schedule. Then I was introduced to Calendly, the booking tool that changed my daily life forever. I live through the calendar now.